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Exchange Market Pressure and Monetary Policy
Younus, Sayera - eSocialSciences - 2010
The objective of this study is to examine empirically the impact of monetary policy on exchange market pressure (EMP) in Bangladesh. EMP is measured as the sum of percentage change of international reserves scaled by the monetary base and nominal exchange rate appreciation.Domestic credit, the...
Persistent link: https://www.econbiz.de/10008543092
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The Euro Zone Crisis and its Dimensions and Implications
Anand, M R; Gupta, G L; Dash, Ranjan - eSocialSciences - 2012
The sovereign debt problems in the peripheral economies of the euro zone has started to pose a serious threat to the main economies of the Europe and perhaps to the future of the 'euro‘ itself. Such a situation is a far cry from the optimism and grand vision that marked its launch. This...
Persistent link: https://www.econbiz.de/10009493971
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A Model of Market Clearing Exchange Rates
Parchure, Rajas - eSocialSciences - 2009
This paper formulates a model of exchange rate determination that describes the market processes by which the foreign exchange markets are cleared and international receipts of countries are brought into equality with their international payments. The model is capable of being explicitly solved...
Persistent link: https://www.econbiz.de/10004964285
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OTC Derivatives Market in India: Recent Regulatory Initiatives and Open Issues for Market Stability and Development
Arora, Dayanand; Rathinam, Francis Xavier - eSocialSciences - 2010
The paper seeks to prove the point that the Indian OTC derivatives markets, unlike many other jurisdictions, are well regulated. Only contracts where one party to the contract is an RBI regulated entity are considered legally valid in India. A good reporting system and a post-trade clearing and...
Persistent link: https://www.econbiz.de/10008509776
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Regional Monetary Units for East Asia: Lessons from Europe
Eric, Girardin; Alfred, Steinherr - eSocialSciences - 2009
This paper reports the European experience with a basket currency, the ECU. The ECU was initially introduced as a … initiatives and use of the ECU for denomination of financial instruments. In practice, it turned out that a basket currency …. From an economic view point, weights depend critically on the purpose of the basket currency: is it a reference indicator …
Persistent link: https://www.econbiz.de/10004972719
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Developing Asian Local Currency Bond Markets: Why and How?
Spiegel, Mark M. - eSocialSciences - 2010
This paper examines the motivation for, and the success of, regional efforts in Asia to promote local currency bond … markets. The analysis demonstrates that Asian local currency bond markets made substantial gains as a region going into the … promoting local currency bond markets and the gains that have been made to date. While most of the initial motivations for …
Persistent link: https://www.econbiz.de/10008677779
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The Financial Crisis: A Wake-Up Call for Strengthening Regional Monitoring of Financial Markets and Regional Coordination of Financial Sector Policies?
Winkler, Adalbert - eSocialSciences - 2010
harmonization and coordination of regulation and supervision, with a strong focus on maturity and currency mismatch problems, would …
Persistent link: https://www.econbiz.de/10008677786
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Some Reflections on the Recent Global Financial Turmoil – an Indian Perspective
Gopinath, Shyamala - eSocialSciences - 2009
The speech tries to underline some lessones that be drawn from the financial crisis relevant to regulation, financial markets and the market infrastructure and to reflect on these. [Annual Conference of Foreign Exchange Dealers’ Association of India (FEDAI) at Kolkata].
Persistent link: https://www.econbiz.de/10005341805
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Monetary Policy, Forex Markets and Feedback Under Uncertainity in an Opening Economy
Goyal, Ashima; Nair, R Ayyappan; Samantaraya, Amaresh - eSocialSciences - 2009
Options for monetary policy arising from interactions between it and Indian foreign exchange (FX) markets. A brief survey covers recent rapid changes providing a snapshot of current microstructure, and of monetary policy institutions. The survey brings out the growing links between money and FX...
Persistent link: https://www.econbiz.de/10005077865
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Inspector Raj for Garment Export Business
Rastogi, Avih - eSocialSciences - 2010
The export of textiles from India accounts for about one-third of India’s total exports. What is more significant is that textiles as a group, is also the largest net foreign exchange earner in as much as the import content in textile goods is quite low compared with other major export...
Persistent link: https://www.econbiz.de/10008506487